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Agricultural Business and Policy Extension

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Farm Succession Planning Resources

Transitioning a farm from one generation to the next should be viewed as a process not an event. Find resources to help your family get started.

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2022 Crop and Livestock Budgets

Managing costs and income are essential to keep Missouri farms profitable. Enterprise budgets can help your farm make more informed decisions.

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Farm Management Minute

Take 60 seconds to listen to a relevant farm management tip, announcement or takeaway from our extension professionals.

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Short-Term Operating Plan

Prepare your farm or ranch to continue operating in the situation that a primary decision maker is temporarily unavailable.

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The Agricultural Business and Policy Extension program serves rural Missouri by helping farms, agribusinesses and communities understand their opportunities and challenges and to make informed decisions. The team is primarily focused on:

  • Helping farmers and agribusinesses with decision-making, financial management, taxes and risk mitigation;
  • Studying relevant industry and value-added agricultural issues;
  • Sharing how market fundamentals and trade policy may impact agricultural outlook;
  • Assessing diversification and new business opportunities for farms, businesses and commodity groups.

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Publications

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Three Types of Farm Meetings to Strengthen the Business and Start a Farm Transition Plan

Publication date: Nov. 1, 2022

Families may be inclined to only conduct meetings when they need to make critical decisions. However, regular meetings create a culture of communication and inclusive decision-making. Scheduled communications also create opportunities for the family ...

Industrial Hemp for Fiber Planning Budget

Publication date: Nov. 1, 2022

This budget presents information useful to farmers considering industrial hemp production for fiber in Missouri. Because this budget contains much anecdotal, as opposed to research-based information, farmers are encouraged to customize the budget ...

Farrow to Finish Swine Planning Budget

Publication date: Oct. 10, 2022

This budget presents information useful to Missouri swine farmers. The production practices used to develop these cost estimates are common for swine farms in Missouri. Farmers are encouraged to customize this budget to fit their operation. This is ...

Sheep — Early Lambing Planning Budget

Publication date: Oct. 12, 2022

The sheep budget is designed to reflect the economic costs and returns of a 50 ewe, winter lambing flock (December/January) with lambs marketed between 60 to 70 pounds in April/May. This management system takes advantage of expected seasonally high ...

Livestock Gross Margin (LGM) Insurance

Publication date: Oct. 1, 2022

In livestock production, gross margin is the difference between revenue from livestock or milk sales and feed costs. It is an indicator of profitability.Livestock gross margin (LGM) insurance offers livestock producers a way to manage gross margin ...

Five Phases of Management Transition During Family Farm Succession

Publication date: Oct. 1, 2022

The average age of U.S. and Missouri farm producers was 57 years old according to the 2017 Census of Agriculture. Yet only 17 percent of U.S. farmers, surveyed in the national 2014 Tenure, Ownership, and Transition of Agricultural Land Survey, said ...

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